Stellar (XLM) Launches World’s First 'Zero-Fee’ Decentralized Crypto Exchange

[fitload]

The Stellar-based, Zero-free decentralized cryptocurrency exchange StellarX has been fully launched on Friday, September 28. The launch was announced in a blog post from its developer Interstellar.

The StellarX exchange was initially revealed to be under development this past July. The hallmark feature of the client is that it is built on Stellar’s universal marketplace, using the open-source Stellar protocol to provide cryptocurrency-to-fiat exchanges.

Per its announcement, the StellarX team explains that they are able to offer these unique terms because “Trades and orders are native to Stellar, not a layer that has to be superimposed via relayers and smart contracts.”

They claim that this represents an advantage over Ethereum-based exchanges which charge Gas fees as “Stellar’s consensus mechanism requires neither “work” nor “stake” — that is, it doesn’t use your capital to function. Thus, we don’t need your capital to function either.”

Read More: https://news.bitzamp.com/stellar-xlm-launches-worlds-first-truly-zero-fee-decentralized-cryptocurrency-exchange/